The magnetic properties of a circular graphene nanoribbon (carbon belt) in a magnetic field parallel to its central axis is studied using a tight-binding model. Orbital magnetic susceptibility is calculated using an analytical expression of the energy eigenvalues as a function of the magnetic flux density for any size, and its temperature dependence is considered. In the absence of electron hopping parallel to the magnetic field, the orbital magnetic susceptibility diverges at absolute zero if the chemical potential is zero and the number of atoms is a multiple of four. As the temperature increases, the magnitude of susceptibility decreases according to the power law, whose exponent depends on the size. In the presence of electron hopping parallel to the magnetic field, the divergence of the susceptibility near absolute zero disappears, and the sign changes with the transfer integral parallel to the magnetic field and the temperature.